BPI waives BizLink PESONet transfer fees

MANILA, Philippines —The Bank of the Philippine Islands (BPI) has scrapped PESONet transfer fees for corporate clients on its BizLink platform, reinforcing its push to lower digital transaction costs.

The fee waiver, which took effect Aug. 1, covers all transactions made through BizLink’s Pay Non-BPI disbursement feature. It is available to both new and existing corporate clients.

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Through Pay Non-BPI, businesses can send payments to suppliers, service providers, employees and other beneficiaries with accounts in other banks through the PESONet network.

“By waiving PESONet transfer fees through BPI BizLink, we are helping our clients optimize their operations, lower transaction costs, and allow resources to further grow their business,” BPI institutional banking head Louie Cruz said.

The move follows BPI’s decision in July to permanently remove InstaPay and PESONet transfer fees across the BPI app, online banking, VYBE, BanKo and BizKo.

The initiative aligns with Bangko Sentral ng Pilipinas Circular No. 1238, which promotes reasonable, market-based pricing for electronic fund transfers.

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BizLink also offers Pay Now for immediate transactions, Pay On for future-dated payments and Pay Every for recurring transactions.

Transfers between BPI accounts through its Pay BPI feature are likewise free. /pai